Course Overview
Qualified anti money laundering (AML)
professionals are in demand as organisations increase their focus on risk
prevention. The ICA International
Advanced Certificate in Anti Money Laundering is an intermediate level course
designed both for those in an AML role and those looking to embark on a new
career in AML and, by attending this course, you will gain actionable,
practical knowledge to excel in your role.
Course Content
Topics to be covered include:
- What are the Money Laundering, Terrorist Financing and Sanctions Risks that must be managed?
- The International Bodies and Standard Setters
- National Legal and Regulatory Frameworks
- Taking an AML/CFT Risk-based Approach and Managing the Risks
- Initial and “Ongoing” Customer Due Diligence (CDD)
- Monitoring Activity and Transactions
- Recognising and Reporting Suspicions
- The Vulnerabilities of Specific Services and Products
This course is offered by International Compliance Association Commercial Services (ICA’s approved training provider).During the restrictions imposed by the Covid19 pandemic ICA have made significant investments in technology and resources to create a new student experience – a blend of self-study, instructor-led virtual classrooms, dynamic discussions around live scenarios, topical reviews of industry events and bite-size videos. All designed to help you get the most out of the course, increase your chances of success and take away the practical knowledge you need to think differently and perform better in your role.
The course comprises:
- 6-month course assessed by 2 written assignments (2,000 – 2,500 words)
- A mixture of guided online study and participation in live sessions:
- 1 x virtual classroom – groups are limited to 36 students to maximise the study experience
- 1 x live, immersive learning scenario – a powerful experience putting you at the centre of a story, helping you bridge the gap between what you know and how you can apply that knowledge in your role.
- 6 x monthly “in the spotlight” videos covering the latest industry developments
- Proactive support throughout the course to help you stay on track
It is recommended that you study 6-8 hours per week over the six month period.
You can request a copy of the full syllabus here.
Next enrolment by: 06 January 2025
The full course timetable can be found here.
Course Benefits
You will develop a practical understanding of anti money laundering principles and provide yourself with all of the knowledge you will require to begin or further a career in anti money laundering.
You will learn how to manage the risks of terrorist financing and also how to evaluate suspicious activity. You will also study the AML risks involved in emerging industry sectors such as mobile financial services and e-payments.
This course has a practical focus and is open to anyone who is interested in pursuing a career in AML. It is however most relevant to:
- New/recently appointed MLROs and deputies
- New/recently appointed Financial Crime and Risk Officers
- Compliance Officers
- Internal auditors assuming responsibilities for money laundering/financial crime issues
- All individuals engaged in financial services and who aspire to a career in anti money laundering
Assessment
You will be assessed by means of a one-hour, question-based exam at the end of the course, testing your knowledge and understanding through applied scenario questions that span the entire syllabus. You will then be required to complete one research-based, written assignment to demonstrate a holistic understanding and the ability to practically apply what you have learned.
ICA qualifications, where stated, are awarded in association with Alliance Manchester Business School, the University of Manchester.
Prerequisites
The Advanced Certificate is open to anyone who is interested in pursuing a career in the discipline. The content of the course requires you to possess a sound educational background and good written English skills.
In order to study any ICA qualification you need to be a member of the ICA. If you’re not currently a member of the ICA, membership will be added to your basket during checkout.
The ICA has five different levels of individual membership. Whether you are just starting out in your career, already hold an ICA qualification or are an experienced practitioner, there is a level appropriate for you and this will be activated at the same time as your course commences.
Next Steps
Whilst the GTA facilitates the training for ICA qualifications, you need to enrol online directly with the ICA. Scroll down when you reach this page and enter Guernsey when it asks ‘Where are you based?’ You can then follow the process to enrol.